What are your thoughts? I'm expecting a bounce in the coming days with more falls to follow. Patience and discipline are the keys at the moment.
Last time I bought a goldie at a bargain price was TRY for 75c during the gfc crash in 2008, when it was selling for cash value. Unfortunately sold out around $1 and didn't ride it up to the $4+ it got to. If I can find another goldie selling for cash value again will back up the truck
previous fall were much more than today, slowly going down...slowly buying more and more what an opportune day to give lady Pamp a kiss
Im beyond caring at this point lol. I think I'm a bid of a sadist regarding goodies at the moment, days like this make me happy and days where they go up make me sad. I think because I'm down that much (70% with SLR) I don't mind losing the rest of my money i have invested. Im looking forward to buying back in so hope they keep dropping. :| Picked up a few more CAS today at .24
Not Ben, you ask, what is our aim? I can answer in one word. It is victory. Victory at all costs - Victory in spite of all terrors - Victory, however long and hard the road may be, for without victory there is no survival. Let that be realized. No survival for Not Ben, no survival for all that Silver Stackers has stood for, no survival for the urge, the impulse of the ages, that mankind shall move forward toward his goal. I take up my task in buoyancy and hope. I feel sure that our cause will not be suffered to fail among men. I feel entitled at this juncture, at this time, to claim the aid of all and to say, "Come then Not Ben, let us go forward together with our united strength!" Chin up, son.
Be very careful..........these are wipeout days we are entering. Gold is now at/approaching/past break even for mining stocks. You might think you have got a bargain but more downwards pressure on gold will have significant downwards pressure on a miner. If you buy a stock at 40cents, for example and it is at break even price, a 200 dollar drop in gold puts it deep in the red such that what is only a 15 to 20% movement in gold could be a 50% fall in stock price. This will be difficult to entertain for some. The last few major drops will be the worst psychologically....have I missed out?, surely it couldn't go lower!!!, this has to be the bottom!!!!. shit I can't believe what just happened!....etc....etc...etc.
With the present daily gold chart looking like it does, tomorrow won't be pretty either. [youtube]http://www.youtube.com/watch?v=vKj4upY1VYI[/youtube]
We are likely entering phase 3 of the pm bear market. It will be violent and painful. But at that bottom, miners will be a gift that will keep giving for the rest of your life. The good part is that phase 3 should only for a few months.
Dollar is down and market overall is expected to open lower, so depends what the day traders will pay more attention to
